The dollar gave back some ground on Friday following the worse than expected nonfarm payrolls and rise in unemployment across the pond.It was the euro that benefitted most,finding support around the 1.3370 level as it recovered to back over 1.3400 and is trading at 1.3420 at the time of writing.It was also the disappointing wage data that compounded the sell off in the dollar as this is a key measure that is a main contributor to inflation and economic activity and is watched carefully by the Fed.　　

由于非农就业数据比预期要差，美元丢失部分成果；而美国和欧洲失业率都有所上升。其中欧元的获利最大，当朝着1.3400恢复的过程中在1.3370处找到支撑；此文写作时位于1.3420。令人失望的收入数据也导致了美元的卖出，因为这个数据对于测算通胀和经济活动是关键，因此美联储是紧盯的。　　

This week however is different with a great deal of PMI services data due for release across Europe and the UK which of late have just been softening somewhat and so if we continue to see PMIs drift lower then the dollar sell off from Friday might be short lived.Today commences with UK construction PMI,not a major piece of data but can nonetheless cause a little excitement for GBPUSD.　　

不过，这一周也有不同。最近一直疲软的欧洲和英国将要发布大量PMI服务业数据。因此，如果PMI数据继续下滑，那么美元从周五开始的卖出可能不会持续太久。今天，英国的建筑业PMI，虽然不算太主要的数据，也可能会给英镑美元这个货币对带来一点激动的感觉。　　

Later in the week the focus will be on the Bank of England and European Central Bank as they announce their latest monetary policy decisions.The BOE will be keenly watched although due to the Inflation Report coming out the following Wednesday we are unlikely to see any fireworks and of course do not see the minutes from the meeting,which will not reveal whether anyone’s voted for a hike this month,until 20th August.　　

这一周后半段的焦点会是英格兰银行和欧洲央行。这两家银行将宣布其最新的货币政策决定。英格兰银行会得到密切关注，不过由于周三将发布通胀报告，我们认为不太可能见到惊喜，当然也不会见到会议的内容纪要。这个内容既要在八月20日之前不会透露这个月到底是谁投票赞成了加息。